# AVA CRYPTO 001

**Published by:** [Avaworld](https://paragraph.com/@avaworld/)
**Published on:** 2022-06-02
**URL:** https://paragraph.com/@avaworld/ava-crypto-001

## Content

Crypto currency simply refers to digital assets , you can use Google if u want bigger Grammar or more depth But the truth is cryptocurrency commonly referred to as "crypto" just describe a digital asset that can be used as medium of exchange, store of value or that performs every function of fiat (money) Crypto as it were are intangible assets which means they can't be touched but it's value can be stored, transferred and used digitally (online) A lot of ways you can explain it but I used a way in which you can relate it to money Since we all know what money is and how money works it's only logical we use money as a good example, Satoshi nakomoto in 2009 came up with an idea to make payments peer to peer without any central figure A system where the distribution of wealth is determined by the people and not the government His intentions were to give the power to the people and ultimately to make transactions seemless without needing a trusted third party His execution was not perfect and he definitely did not see as far as cryptocurrency is now But he wanted to create an avenue for common folks also to get rich by buying early into his idea Ultimately there is always an advantage for early birds 😉 So basically bitcoin was the idea satoshi created .... He was a programmer and probably worked with a group .

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